General questions...?

[travelspirit]

Hi there.

Yes another couple of questions....

First One - Within a couple of weeks I will be the sole director of a Ltd Company, but will also be carrying on work seperately as a sole trader. If I use any of the services that my Ltd business provides can my Ltd business invoice me?

Second Question - How do I record start up costs incurred (such as registration fees) prior to opening my Ltd bank account and incorporating?

Thanx.

[accountancyextra]

From previous threads, I don't understand why you want to go down this route (running S/T and limited).
It seems overly complicated to me

[travelspirit]

I will tell you why.

My limited company runs coaches.

As a sole trader I hire myself to holiday companies like the Newmarket Group as a Tour Manager. I cannot hire myself to them as part of a limited company (ie work for my Limited Company and then invoice through the limited company).

Its not complicated at all. Sureley it is just a case of keeping your own set of books as a sole trader, a seperate set of books for the limited company, and another set of books for the directorship?

All I wanted to know was, for example, should I acting as a sole trader hire a coach from my limited company, could my limited company then invoice me. Am I making a mountain here?

[Geoff T]

First One - Within a couple of weeks I will be the sole director of a Ltd Company, but will also be carrying on work seperately as a sole trader. If I use any of the services that my Ltd business provides can my Ltd business invoice me?

No reason why not that I can think of...as the Ltd company exists separately from you as a person...there's a really cool bit of Latin that a legal bod could put in there, but I don't know it!

Second Question - How do I record start up costs incurred (such as registration fees) prior to opening my Ltd bank account and incorporating?

Presumably you are doing what I did, paying it out of your own pocket, like I did...

Don't know if it's the right thing to do, but I just put through an expenses claim to the company for all the costs (inc. start up costs)...can't see anything wrong with that - but I'm open to an alternative!

[travelspirit]

Thank you for your reply Geoff. I have decided to look for an accountant now because I am gonna be asking questions forever otherwise.

[Geoff T]

Thank you for your reply Geoff. I have decided to look for an accountant now because I am gonna be asking questions forever otherwise.

Good move...and the good ones more than pay for themselves...doing otherwise really is a false economy...

[davezzr]

of coarse you can,as two seperate companies you can use any service and invoice each other. bookkeeping is the same as you would in normal working conditions simples